Nexus Capital Management Acquires 65% Stake in Dollar Shave Club from Unilever

October 30, 2023

Nexus Capital Management will acquire a 65% majority stake in Dollar Shave Club from Unilever, with Unilever retaining a 35% minority holding. Financial terms were not disclosed; the transaction is expected to close this year subject to customary conditions. Nexus said it will invest in marketing, product innovation and use Dollar Shave Club as a platform for additional brands.

Buyers
Nexus Capital Management
Targets
Dollar Shave Club
Sellers
Unilever
Location
North Carolina, United States
Transaction Type
Buyout

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